payme ltd
payme ltd Company Information
Company Number
07768985
Next Accounts
27 days late
Industry
Management consultancy activities (other than financial management)
Directors
Shareholders
iqob managed services ltd
Group Structure
View All
Contact
Registered Address
equinox 2 audby lane, wetherby, LS22 7RD
Website
www.payme.co.ukpayme ltd Estimated Valuation
Pomanda estimates the enterprise value of PAYME LTD at £64m based on a Turnover of £101.6m and 0.63x industry multiple (adjusted for size and gross margin).
payme ltd Estimated Valuation
Pomanda estimates the enterprise value of PAYME LTD at £1.1m based on an EBITDA of £229.1k and a 4.83x industry multiple (adjusted for size and gross margin).
payme ltd Estimated Valuation
Pomanda estimates the enterprise value of PAYME LTD at £3.5m based on Net Assets of £1.3m and 2.68x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Payme Ltd Overview
Payme Ltd is a live company located in wetherby, LS22 7RD with a Companies House number of 07768985. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in September 2011, it's largest shareholder is iqob managed services ltd with a 100% stake. Payme Ltd is a established, mega sized company, Pomanda has estimated its turnover at £101.6m with rapid growth in recent years.
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Payme Ltd Health Check
Pomanda's financial health check has awarded Payme Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
6 Weak
Size
annual sales of £101.6m, make it larger than the average company (£450.3k)
£101.6m - Payme Ltd
£450.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (5.9%)
37% - Payme Ltd
5.9% - Industry AVG
Production
with a gross margin of 1.7%, this company has a higher cost of product (57.7%)
1.7% - Payme Ltd
57.7% - Industry AVG
Profitability
an operating margin of 0.2% make it less profitable than the average company (8.7%)
0.2% - Payme Ltd
8.7% - Industry AVG
Employees
with 3336 employees, this is above the industry average (5)
3336 - Payme Ltd
5 - Industry AVG
Pay Structure
on an average salary of £22.2k, the company has a lower pay structure (£45.8k)
£22.2k - Payme Ltd
£45.8k - Industry AVG
Efficiency
resulting in sales per employee of £30.4k, this is less efficient (£116.9k)
£30.4k - Payme Ltd
£116.9k - Industry AVG
Debtor Days
it gets paid by customers after 16 days, this is earlier than average (70 days)
16 days - Payme Ltd
70 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (29 days)
0 days - Payme Ltd
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Payme Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (28 weeks)
0 weeks - Payme Ltd
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.5%, this is a higher level of debt than the average (54.6%)
87.5% - Payme Ltd
54.6% - Industry AVG
PAYME LTD financials
Payme Ltd's latest turnover from March 2023 is £101.6 million and the company has net assets of £1.3 million. According to their latest financial statements, Payme Ltd has 3,336 employees and maintains cash reserves of £73.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 101,569,975 | 100,988,439 | 53,412,403 | 39,821,893 | 31,970,970 | 32,606,199 | 25,828,317 | 27,557,562 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 99,841,995 | 99,254,142 | 52,241,161 | 38,827,812 | 30,914,032 | 31,574,616 | 24,947,470 | 26,659,177 | |||
| Gross Profit | 1,727,980 | 1,734,297 | 1,171,242 | 994,081 | 1,056,938 | 1,031,583 | 880,847 | 898,385 | |||
| Admin Expenses | 1,528,789 | 1,303,316 | 926,923 | 998,987 | 925,624 | 890,373 | 614,265 | 545,180 | |||
| Operating Profit | 199,191 | 430,981 | 244,319 | -4,906 | 131,314 | 141,210 | 266,582 | 353,205 | |||
| Interest Payable | 217,930 | 906 | 4,937 | 2,177 | 3,575 | 4,080 | 0 | 0 | |||
| Interest Receivable | 407,237 | 272,157 | 96,718 | 38 | 1,425 | 98 | 692 | 2,185 | |||
| Pre-Tax Profit | 388,498 | 702,232 | 336,100 | -7,045 | 129,164 | 137,228 | 267,274 | 355,390 | |||
| Tax | -38,029 | -116,249 | -43,614 | 9,295 | -30,712 | -35,180 | -50,002 | -86,111 | |||
| Profit After Tax | 350,469 | 585,983 | 292,486 | 2,250 | 98,452 | 102,048 | 217,272 | 269,279 | |||
| Dividends Paid | 39,060 | 0 | 0 | 0 | 73,952 | 135,500 | 162,000 | 203,800 | |||
| Retained Profit | 311,409 | 585,983 | 292,486 | 2,250 | 24,500 | -33,452 | 55,272 | 65,479 | |||
| Employee Costs | 74,213,980 | 75,554,233 | 30,972,558 | 22,993,881 | 31,349,971 | 31,978,772 | 25,266,301 | 26,960,938 | |||
| Number Of Employees | 3,336 | 3,320 | 1,256 | 1,023 | 987 | 923 | 763 | 1,687 | |||
| EBITDA* | 229,081 | 453,568 | 268,330 | 34,049 | 176,655 | 183,871 | 295,897 | 375,476 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 103,941 | 78,486 | 61,431 | 109,015 | 138,373 | 172,131 | 43,543 | 61,127 | 70,347 | 26,451 | 696 |
| Intangible Assets | 47,720 | 10,466 | 12,871 | 17,162 | 10,466 | 13,646 | 17,512 | 55 | 1,713 | 3,845 | 4,571 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 151,661 | 88,952 | 74,302 | 126,177 | 148,839 | 185,777 | 61,055 | 61,182 | 72,060 | 30,296 | 5,267 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 4,494,356 | 5,130,540 | 3,091,211 | 1,484,961 | 870,477 | 863,001 | 702,466 | 1,287,434 | 365,487 | 141,653 | 302,055 |
| Group Debtors | 3,375,893 | 5,380,404 | 7,038,925 | 3,746,471 | 2,150,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,489,532 | 1,880,051 | 1,010,183 | 309,272 | 573,270 | 1,014,925 | 462,205 | 78,898 | 0 | 0 | 0 |
| Cash | 73,422 | 1,161,103 | 663,705 | 429,217 | 752,547 | 637,715 | 261,372 | 451,779 | 369,968 | 936,502 | 281,237 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,433,203 | 13,552,098 | 11,804,024 | 5,969,921 | 4,346,294 | 2,515,641 | 1,426,043 | 1,818,111 | 735,455 | 1,078,155 | 583,292 |
| total assets | 10,584,864 | 13,641,050 | 11,878,326 | 6,096,098 | 4,495,133 | 2,701,418 | 1,487,098 | 1,879,293 | 807,515 | 1,108,451 | 588,559 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 7,500 | 7,500 | 7,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 115,796 | 162,111 | 127,337 | 186,215 | 8,884 | 14,722 | 12,054 | 17,063 | 792,645 | 1,178,611 | 584,840 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 609,979 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 58,083 | 12,535 | 12,123 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 9,109,134 | 12,425,302 | 11,279,584 | 5,722,881 | 3,645,822 | 2,454,530 | 1,339,423 | 1,781,881 | 0 | 0 | 0 |
| total current liabilities | 9,232,430 | 12,594,913 | 11,414,421 | 5,967,179 | 4,277,220 | 2,481,375 | 1,351,477 | 1,798,944 | 792,645 | 1,178,611 | 584,840 |
| loans | 33,637 | 38,749 | 42,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 88,365 | 100,565 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 2,879 | 17,309 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 33,637 | 38,749 | 42,500 | 0 | 91,244 | 117,874 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 9,266,067 | 12,633,662 | 11,456,921 | 5,967,179 | 4,368,464 | 2,599,249 | 1,351,477 | 1,798,944 | 792,645 | 1,178,611 | 584,840 |
| net assets | 1,318,797 | 1,007,388 | 421,405 | 128,919 | 126,669 | 102,169 | 135,621 | 80,349 | 14,870 | -70,160 | 3,719 |
| total shareholders funds | 1,318,797 | 1,007,388 | 421,405 | 128,919 | 126,669 | 102,169 | 135,621 | 80,349 | 14,870 | -70,160 | 3,719 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 199,191 | 430,981 | 244,319 | -4,906 | 131,314 | 141,210 | 266,582 | 353,205 | |||
| Depreciation | 25,444 | 19,182 | 19,721 | 36,141 | 41,868 | 38,210 | 26,532 | 20,613 | 12,322 | 3,823 | 272 |
| Amortisation | 4,446 | 3,405 | 4,290 | 2,814 | 3,473 | 4,451 | 2,783 | 1,658 | 3,482 | 2,701 | 2,544 |
| Tax | -38,029 | -116,249 | -43,614 | 9,295 | -30,712 | -35,180 | -50,002 | -86,111 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -2,031,214 | 1,250,676 | 5,599,615 | 1,946,957 | 1,715,821 | 713,255 | -201,661 | 1,000,845 | 223,834 | -160,402 | 302,055 |
| Creditors | -46,315 | 34,774 | -58,878 | 177,331 | -5,838 | 2,668 | -5,009 | -775,582 | -385,966 | 593,771 | 584,840 |
| Accruals and Deferred Income | -3,316,168 | 1,145,718 | 5,556,703 | 2,077,059 | 1,191,292 | 1,115,107 | -442,458 | 1,781,881 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -2,879 | -14,430 | 17,309 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -1,140,217 | 267,135 | 122,926 | 347,898 | -398,854 | 570,520 | 89 | 294,819 | |||
| Investing Activities | |||||||||||
| capital expenditure | -204,351 | -29,188 | -11,393 | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -204,351 | -29,188 | -11,393 | ||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 7,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -609,979 | 609,979 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -5,112 | -3,751 | 42,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | -58,083 | -42,817 | -11,788 | 112,688 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | 189,307 | 271,251 | 91,781 | -2,139 | -2,150 | -3,982 | 692 | 2,185 | |||
| cash flow from financing | 184,195 | 267,500 | 83,698 | -654,935 | 596,041 | 108,706 | 692 | 2,185 | |||
| cash and cash equivalents | |||||||||||
| cash | -1,087,681 | 497,398 | 234,488 | -323,330 | 114,832 | 376,343 | -190,407 | 81,811 | -566,534 | 655,265 | 281,237 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,087,681 | 497,398 | 234,488 | -323,330 | 114,832 | 376,343 | -190,407 | 81,811 | -566,534 | 655,265 | 281,237 |
payme ltd Credit Report and Business Information
Payme Ltd Competitor Analysis
Perform a competitor analysis for payme ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in LS22 area or any other competitors across 12 key performance metrics.
payme ltd Ownership
PAYME LTD group structure
Payme Ltd has 1 subsidiary company.
Ultimate parent company
1 parent
PAYME LTD
07768985
1 subsidiary
payme ltd directors
Payme Ltd currently has 1 director, Mr Imran Qadeer serving since Apr 2024.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Imran Qadeer | England | 44 years | Apr 2024 | - | Director |
P&L
March 2023turnover
101.6m
+1%
operating profit
199.2k
-54%
gross margin
1.8%
-0.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.3m
+0.31%
total assets
10.6m
-0.22%
cash
73.4k
-0.94%
net assets
Total assets minus all liabilities
payme ltd company details
company number
07768985
Type
Private limited with Share Capital
industry
70229 - Management consultancy activities (other than financial management)
incorporation date
September 2011
age
14
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
SAFFERY LLP
address
equinox 2 audby lane, wetherby, LS22 7RD
Bank
-
Legal Advisor
-
payme ltd Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 4 charges/mortgages relating to payme ltd. Currently there are 3 open charges and 1 have been satisfied in the past.
payme ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for PAYME LTD. This can take several minutes, an email will notify you when this has completed.
payme ltd Companies House Filings - See Documents
| date | description | view/download |
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